ChainCatcher reported, citing monitoring by Onchain Lens, that a whale account has opened a 20x leveraged short position on Ethereum. According to the disclosed data, the position currently holds 23,000 ETH, with a total position value of $39.64 million. The liquidation price for the position is listed at $1,832.43.
Position Size, Leverage and Liquidation Level
The reported position is a short trade, meaning the trader is positioned against the price of Ethereum. The use of 20x leverage indicates that the notional exposure is amplified relative to the margin behind the trade, making price movements more directly relevant to account equity. Onchain Lens identified $1,832.43 as the liquidation price associated with the position.
Onchain Lens also stated that since June 10, the same whale has made more than $3.15 million in profit through Ethereum long and short trades. The information disclosed focuses on the account’s current Ethereum short position, including its size, leverage multiple, position value and liquidation price. No identity information for the whale was included in the report.